Retail · Peoria, Arizona
Thunderbird Beltway
Thunderbird Beltway is financed with a $11.2M CMBS loan at 4.59% that reaches maturity on May 1, 2027, in 6 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $11,241,980
- Original balance (same notes)
- $12,350,000
- Interest rate
- 4.59% fixed
- Originated
- April 10, 2017
- Maturity
- May 1, 2027
- Payments
- Interest only for 48 months, then amortizing
- Prepayment lockout ends
- October 31, 2026
- Master servicer
- Trimont LLC
- Originator
- BANA
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 8360-8440 West Thunderbird Road, Peoria, AZ 85381
- Metro
- Phoenix-Mesa-Chandler, AZ
- Rentable area
- 68,700 sq ft
- Built
- 2005
- Largest tenants
- Fitness Alliance LLC; Hubbard Swim School; UPTOWN CHEAPSKATE
- Value at securitization
- $17.9M (Feb 2017)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.59x | 1.93x |
| Occupancy | 100% | 95% |
| Net operating income (annualized from 6 months) | $1.2M | $1.5M |
| Debt yield | 13.1% |
Debt yield here is the latest NOI divided by the balance held in the trusts below. If part of the loan sits outside them, the true figure is lower.
Watch flags
Computed from the Morgan Stanley Bank of America Merrill Lynch Trust 2017-C33 filing for the reporting period ending September 11, 2026, filed with the SEC October 2, 2026.
- Matures within 12 months
cmbs.news's own rule-based labels on the filed fields (definitions), not a credit rating, a prediction or a view of the borrower.
What the filing shows
- Occupancy has fallen from 100% when the loan was securitized to 95%.
- Net operating income is 22% above the underwritten figure ($1.5M a year against $1.2M; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 1.59x at securitization to 1.93x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $11.2M | Current | No | 1.93x | 95% |
| August 2026 | $11.3M | Current | No | 1.93x | 95% |
| July 2026 | $11.3M | Current | No | 1.95x | 95% |
| June 2026 | $11.3M | Current | No | 1.95x | 95% |
| May 2026 | $11.3M | Current | No | 1.75x | 95% |
| April 2026 | $11.3M | Current | No | 1.75x | 95% |
| March 2026 | $11.4M | Current | No | 1.75x | 95% |
| February 2026 | $11.4M | Current | No | 1.77x | 95% |
| January 2026 | $11.4M | Current | No | 1.77x | 95% |
| December 2025 | $11.4M | Current | No | 1.77x | 95% |
| November 2025 | $11.4M | Current | No | 1.77x | 95% |
| October 2025 | $11.5M | Current | No | 1.75x | 93% |
From each trust's ABS-EE filing for that month. Coverage and occupancy change only when the servicer reports new statements. If one trust holding a piece of the loan skipped a month, that month's balance reads low.
Where the loan sits
One trust holds this loan in the data.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| Morgan Stanley Bank of America Merrill Lynch Trust 2017-C33 | 21 | $11,241,980 | Sep 2026 | SEC filing, October 2, 2026 |
Other Phoenix-Mesa-Chandler loans due in 2027
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Northern Trust Office | Tempe, AZ | Office | $40.4M | 3.56% | Oct 2027 | 2.59x | 100% | Current |
| Gateway Crossing | Avondale, AZ | Retail | $30.7M | 4.73% | Mar 2027 | 1.19x | 99% | Current |
| Spectrum Town Center | Gilbert, AZ | Retail | $28.1M | 4.387% | Nov 2027 | 1.98x | 98% | Current |
| Metro Towne Center | Phoenix, AZ | Retail | $18.4M | 4.12% | Sep 2027 | 2.42x | 93% | Current |
| Heritage Marketplace | Gilbert, AZ | Retail | $14.5M | 4.659% | Nov 2027 | 1.48x | 94% | Current |
| Kohls - Scottsdale | Scottsdale, AZ | Retail | $11.1M | 4.46% | May 2027 | 1.60x | 100% | Current |
| Paseo Lindo | Chandler, AZ | Retail | $9.1M | 4.23% | Oct 2027 | 5.45x | 100% | Current |
| Dollar Self Storage Peoria | Phoenix, AZ | Self storage | $6.1M | 5.24% | Mar 2027 | 1.95x | 82% | Current |
All loans maturing in 2027 · All Phoenix-Mesa-Chandler loans
Source: each trust's ABS-EE asset-data exhibit (Regulation AB Schedule AL) on SEC EDGAR, reporting period ending September 11, 2026. Servicers report these figures; cmbs.news does not audit them. How this page is built.